FCA embraces change

The overarching theme in the Financial Conduct Authority’s 2019/2020 business plan is change, with...

The overarching theme in the Financial Conduct Authority’s 2019/2020 business plan is change, with the regulator continuing to focus on Brexit, technology and financial crime.

“Firms, consumers and markets have already weathered a considerable period of Brexit-related uncertainty,” said Andrew Bailey, chief executive of the United Kingdom’s Financial Conduct Authority’s (FCA) 2019/2020 business plan, setting the tone for the regulator’s outline for the coming year.

Bailey echoed sentiments from FCA chairman Charles Randell, who explained that the global context of the market is changing as the UK leaves the European Union and “we adapt to shifts in global power and growth”.